Safeguard duty spurs upgrade as ICICI Securities sees Steel EBITDA rising up to 10%
New Delhi [India], January 2 (ANI): ICICI Securities has upgraded its outlook on India's steel sector after the government imposed a three-year safeguard duty on most flat steel imports, a move expected to significantly improve domestic pricing power and profitability.
In its latest sector update, the brokerage firm said it has raised the Financial Year 2027 and Financial Year 2028 Earnings Before Interest, Taxes